[fre] La littérature financière identifie un certain nombre de raisons expliquant pourquoi les entreprises font coter leurs titres sur une place boursière étrangère : accès à de nouvelles sources de financement, plus grande visibilité et notoriété, etc. Cet article présente les...

The Handbook of Research on IPOs provides a comprehensive review of the emerging trends and directions in the global initial public offerings (IPO) markets. The empirical evidence included in the book covers Europe, the US and the Far East, and presents a truly global perspective of IPO markets...

We survey managers in 16 European countries on the determinants of capital structure. Financial flexibility and earnings per share dilution are primary concerns of managers in issuing debt and common stock, respectively. Managers also value hedging considerations and use “windows of...

In this paper, we examine several cross-listing theories employing a sample of over 250 European ADRs representing 19 countries during the 1970-2002 period. We find that, first, though both Levels II and III listings underperform over the 3 years subsequent to the US listing, the determinants of...

"We survey European managers to gain some insights into motivations of convertible issuance. Our analysis shows that a majority of firms issue convertibles as 'delayed equity' and as 'debt sweetener'. Managers also use convertibles to avoid short-term equity dilution and to signal firm's future...

Purpose – The purpose of this study is to gain some insights into how managers perceive and achieve financial flexibility and its value in coping with the 2008 global financial crisis. The study focuses on the following questions: What are the sources and measures of financial flexibility? Do...

[eng] The existence of direct links between bank and commercial enterprises is considered as an important factor which explain the competitive performance of German and Japan companies. A strong bank industry relationship permits the company to have more financial flexibility and insures...